Scottsdale Apartments Sell For $53.65 Million…Abacus Returns To Valley Market
After being on the inactive list as a buyer of multi-family projects in the Valley for almost six years, the privately-held Abacus Capital Group LLC in New York City, N.Y. (Benjamin Friedman, pres.) has returned to the game with a major splash… Read more
Montelucia Resort & Spa Sold to Omni Hotels & Resorts
Paradise Valley’s Montelucia Resort & Spa has switched hands for the second time in less than three years, this time being sold to a Dallas-based hotel operator for an undisclosed price, according to a statement today… Read more
Phoenix Spec Office: It Makes Sense Again
With Phoenix’s overall office vacancy rate in the 23% range, speculative and build-to-suit office development seems like it should be a far-off event. Yet new class-A office projects are, in fact, starting to pop up in key Valley locations… Read more
Apartment Rent Goes Through Roof
According to The Wall Street Journal, apartment landlords continue to push rents higher in many cities. In fact, landlords have wielded the upper hand since the housing crisis began. As the WSJ explains:… Read more
MOB Sector Prepares for Changing Industry
As the number of Americans over age 65 climbs to more than 18 million in the next decade, industry experts predict shifting demands for medical office facilities. The roll out of the Affordable Care Act in 2014 and beyond will create new dynamics in the medical office sector. With an estimated 25 million previously uninsured Americans gaining access to coverage by 2016… Read more
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